Bitcoin adjustment tax turn…Altcoin circulation strength

Institutional Buying Continues, BTC Downtrend Persists
Hyperrain and Other Altcoins Surge
Fear Index Shows 'Greed'... Caution on Short-Term Peak

Bitcoin has transitioned to a correction phase after reaching its peak on the 22nd and continued its downward trend today.

Despite positive factors such as the passage of cryptocurrency legislation in the US and expanded institutional demand, prices have fallen due to short-term profit-taking and psychological pressure.

However, with the strength of Ethereum ETF and increased capital inflow into mid-to-small-sized altcoins, the market is currently displaying a strong market centered on rotational buying.


◇Bitcoin = As of 4 PM on the 25th, the Bitcoin price on Upbit is 158,380,000 won. Bitcoin's dominance is showing 1.59%.

According to on-chain analysis platform Sigbit, the long and short betting ratios in the Bitcoin futures market were 43.70% and 56.30% respectively.

Cryptocurrency media Cointelegraph noted, "The US Bitcoin spot ETF has shown net inflows for 12 consecutive trading days" and "There is a possibility of continued institutional buying at low prices." US company Strategy has raised 2 billion dollars to expand Bitcoin reserves, strengthening its long-term holding strategy.

◇Rising Coins = As of 4 PM on the 25th, the digital asset with the largest increase compared to the previous trading day on Upbit is Hyperrain (HYPER), showing approximately a 33% rise.

Hyperrain is a protocol aimed at enhancing interoperability between blockchains, drawing attention for providing message transmission and exchange functions across multiple chains. It is expanding integration with major chains like Ethereum, Solana, and Avalanche, and has recently increased investor interest through strategic partnerships for Asian market entry.

◇Fear-Greed Index = The digital asset Fear-Greed Index provided by Alternative is at 64 points, entering the 'Greed' stage. The greed stage is a period with increased price volatility and trading volume. Caution is advised for selling due to the high possibility of short-term peak formation.

The cryptocurrency Relative Strength Index (RSI) provided by Sigbit recorded 50.6, indicating a 'neutral' state. RSI determines the relative strength between upward and downward pressure on a specific asset's price and serves as an indicator of overbought and oversold levels.

Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr